Business

Kazakhstan may have the world's best potassium, but as of today it also has a very big problem, or rather 22.6 billion problems. 

Authored by Lance Roberts via RealInvestmentAdvice.com,

With the passage of the Tax Cut And Jobs Act on Wednesday, I wanted to address a few of the questions and misinformation currently circulating about the impact of tax cuts on the U.S. economy.

Over the last couple of months, I have been repeatedly asked why I am not “enthusiastic” about the “greatest tax reform” since the Reagan era.

Two weeks ago, Bank of America tripped recession-watcher alarms, when it announced out that one of its surest bear-market indicators, one which has never had a false negative, had just been triggered.

Everything changed in December...

For months, the so-called "Smart Money" has been on-board with the incessant rally in US equity markets, buying every dip - no matter how shallow.

However, since the end of November, a very different regime appeared to take hold.

Via Greg Hunter's USA Watchdog blog,

Record high stock and bond prices are flashing danger signs to former Reagan White House Budget Director David Stockman.

Stockman contends,

“I don’t think we are going to have a liquidity crisis.  I think it’s going to be a value reset.  I think there is going to be a jarring downward price adjustment both in the stock market and in the bond market.